Stifel lowered the firm’s price target on Roper Technologies (ROP) to $650 from $685 and keeps a Buy rating on the shares following what the analyst says was “a solid Q1 print.” With $5B-plus in M&A liquidity, the firm believes Roper remains well-positioned to acquire unique software assets that should augment the company’s long-term organic growth profile, added the analyst, who trimmed the price target on shares to reflect broader market multiple compression.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROP:
- Roper Technologies price target raised to $668 from $660 at Baird
- Roper Technologies’ Earnings Call Highlights Strong Growth and Strategic Moves
- Amazon sellers pull away from Prime Day, IBM to invest in U.S.: Morning Buzz
- Roper Technologies reports Q1 adjusted EPS $4.78, consensus $4.74
- Roper Technologies raises FY25 EPS view to $19.80-$20.05 from $19.75-$20.00
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue